Crestwood, KY—40014
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Crestwood, KY
As of Oct '25, the median home price in Crestwood, KY is $455,000, with a year-over-year change of 5.0%. This indicates that home prices in Crestwood, KY are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $455,000 | 5.0% |
| Single Family | $467,000 | 4.9% |
| Condos | $237,000 | 5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $245,000 | 4.7% |
3 Bed | $389,000 | 5.4% |
4 Bed | $549,000 | 4.6% |
| 5 Bed | $709,000 | 3.1% |
% of Housing Stock
Rental Trends — Crestwood, KY
As of July '25, Rentcast reports the average rent in Crestwood, KY is $1,550, with a year-over-year rent change of -25.8%. Per bedroom, the median rent as of July '25 in Crestwood, KY is 2-bedrooms: $1,160, 3-bedrooms: $2,050, 4-bedrooms: $2,240. The most common rental property sizes in Crestwood, KY are 2-bedroom and 3-bedroom, accounting for 49.0% and 38.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,420 | $1,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,000 | $1,160 |
| 3 Bed Rent | $2,000 | $2,050 |
| 4 Bed Rent | $2,000 | $2,240 |
% of Rental Stock
Property Listings — Crestwood, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Crestwood, KY is 51. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $627,000 | 0.0% |
Listing Count | 89 | -14.0% |
| Listings as % of Homes | 0.6% | -14.0% |
Days on Market | 51 | -11.0% |
Demographics — Crestwood, KY
As of the latest ACS Survey released in 2023, Crestwood, KY has a population of 23,000, which has increased by 6.6% over the past 5 years. Crestwood, KY is a popular place for families, as children make up 26.6% of the population. The area has a highly educated workforce, with 46.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,000 | 6.6% |
% Under 18 | 26.6% | -3.6% |
% Seniors | 14.1% | 22.6% |
% WFH | 17.8% | 217.9% |
% w/ College Degree | 46.9% | 1.1% |
As of the latest ACS Survey released in 2023, Crestwood, KY is a predominantly white area, with 88.5% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Crestwood, KY is hispanic, making up 4.7% of the population. Foreign-born residents account for 3.7% of the population in Crestwood, KY, and this percentage has decreased by 9.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.5% | -1.9% |
% Black | 1.5% | -16.7% |
% Hispanic | 4.7% | -9.6% |
% Asian | 1.2% | -14.3% |
% Foreign Born | 3.7% | -9.8% |
Mortgage and Risk — Crestwood, KY
According to HUD data as of 2023, there were 458 mortgage originations in Crestwood, KY, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Crestwood, KY. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 458 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Crestwood, KY
Crestwood, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 46 |
Total Units Section 8 | 46 |
% Rentals under Section 8 | 5.8% |
% Occupied Section 8 | 66.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,270 |
| 2 Bedroom | $540 | $1,000 | $1,540 |
| 3 Bedroom | -$20 | $2,000 | $1,980 |
| 4 Bedroom | $300 | $2,000 | $2,300 |
Affordability — Crestwood, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $455,000 |
| Median Household Income | $119,000 |